CARE revises ratings of Gravita India Ltd

The rating of Long Term Bank Facilities of Rs. 44.79 crores has been revised from CARE A- (Negative) (Single A Minus; Outlook: Negative) to CARE BBB+ (Stable) (Triple B Plus: Outlook: Stable)

The rating of Long Term / Short Term Bank Facilities of Rs. 209 crores has been revised from CARE A- (Negative) CARE A2+ (Single A Minus; Outlook: Negative / A Two Plus) to CARE BBB+ (Stable) CAREA2 (Triple B Plus: Outlook: Stable / A Two).

The rating of Short Term Bank Facilities of Rs. 31 crores has been revised from CARE A2+ (A Two Plus) to CARE A2.

Shares of GRAVITA INDIA LTD. was last trading in BSE at Rs.40.05 as compared to the previous close of Rs. 37.25. The total number of shares traded during the day was 21233 in over 566 trades.

The stock hit an intraday high of Rs. 42.95 and intraday low of 38.9. The net turnover during the day was Rs. 873644.